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Saudi Arabia’s Financial Market Ranks 3rd in G20 Competitiveness Indicators

RIYADH: Saudi Arabia’s financial market has advanced seven places to the third position in the competitiveness indicators among G20 nations this year, revealed Switzerland-based International Institute for Management Development in its latest report. According to the IMD World Competitiveness Yearbook for 2023, the Kingdom’s performance epitomizes the ongoing efforts of the Capital Market Authority to implement global best practices. 
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Wembanyama Unaffected by NBA Draft Hype

NEW YORK: Victor Wembanyama dismissed the soaring hype swirling around him on Wednesday as he prepares to become the most sought-after No.1 pick in the NBA draft since LeBron James. The 19-year-old French talent is a lock to be chosen by the San Antonio Spurs in Thursday’s NBA Draft in New York, widely viewed as a once-in-a-generation talent capable of transforming a franchise. The 7ft 4in (2.24m) Wembanyama arrived in the US on Monday to be greeted by autograph hunters and San Antonio fans as excitement builds ahead of the Draft.
Business

“April imports to Saudi Arabia decrease by 16.1% to $15.4bn”

RIYADH: Saudi Arabia’s merchandise imports decreased 16.1 percent to SR57.9 billion ($15.4 billion) in April 2023 compared to SR69 billion in March 2023, according to the latest data released by the General Authority for Statistics.  However, the Kingdom’s merchandise imports increased by 1 percent in April 2023 compared to SR57.3 million in April 2022. According to the report, overall merchandise exports decreased 25.2 percent to SR103 billion in April 2023 compared to SR137.7 billion in the same month last year.
Business

Egyptian Health Tech to Save Saudi Lives After Acquisition

CAIRO: Saudi Arabia’s health care sector has gained a new entrant from Egypt aimed at addressing the challenges posed by delayed medical reports and improving patient outcomes.  Founded in 2017, Rology has secured its position in the Saudi market after sealing the acquisition of its counterpart Arkan United.  In an interview with Arab News, Amr Abodriaa, CEO and co-founder of Rology, expressed the significance of this move in establishing a leading position in the Saudi market. 
sport

Kato Disqualified but Wins French Open Championship

PARIS: Japan’s Miyu Kato became a French Open champion on Thursday, four days after she was controversially disqualified from the women’s doubles for accidentally hitting a ball girl. Kato and her German partner Tim Puetz defeated Bianca Andreescu and Michael Venus 4-6, 6-4, 10-6 in the mixed doubles final at Roland Garros. “It has been challenging mentally in the last few days after my unjust disqualification from the women’s doubles,” Kato told the Court Philippe Chatrier crowd, reading from a prepared statement.
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Iniesta bids farewell to Barcelona pals in Tokyo friendly

TOKYO: Andres Iniesta said goodbye to old friends as he played for his Japanese club Vissel Kobe against his former club Barcelona in a friendly at the National Stadium on Tuesday. Barcelona won the match 2-0. Iniesta played 674 games for Barcelona from 2002-18, winning 30 trophies. He also scored the winning goal for Spain in the 2010 World Cup final. Last month, he announced he was leaving the Japanese club after his final match on July 1 in the western city of Kobe.
sport

Ronaldo & Al-Nassr vs PSG in Summer Friendly Match in Japan

JAPAN: Cristiano Ronaldo and Saudi Arabia’s Al-Nassr will take on Paris Saint-Germain during their summer friendlies in Japan. The clash between Al-Nassr, who finished second in the Roshn Saudi League, and PSG will be held in Osaka on July 25. However, there will be no head-to-head between Ronaldo and old rival Lionel Messi, with the Argentine set to leave PSG. Messi was not among the players PSG used to illustrate the tour announcement on their website.
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